[Adopted 6-2-1982 by L.L. No. 2-1982]
The purpose of this article is to subject to taxation real property owned by nonprofit corporations or associations specified in § 92-5 of this Article, as authorized by Subdivision 1(a) of § 420-b of the Real Property Tax Law.
Real property owned by a corporation or association which is organized exclusively for the following purposes or for two or more such purposes and used exclusively for carrying out thereupon one or more of such purposes shall be subject to taxation: bible, tract, benevolent, missionary, infirmary, public playground, scientific, literary, bar association, medical society, patriotic or historical purposes, for the enforcement of laws relating to children or animals.
Real property subject to taxation pursuant to this article shall also be subject to special ad valorem levies and special assessments imposed to defray the costs of improvements or services furnished by the Town of Lloyd or by a special district established therein.